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Fly News Breaks for April 20, 2018
MAC
Apr 20, 2018 | 06:46 EDT
Mizuho analyst Haendel St. Juste upgraded Macerich to Buy and raised his price target for the shares to $65 from $63. BMO Capital this morning also upgraded the stock. The resignation of Chairman Art Coppola "meaningfully" raises the probability of a takeover, and should spur outperformance near-term, St. Juste tells investors in a research note. The analyst's net ass value/private market estimate for Macerich's portfolio is $69 per share.
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